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Stock Market & Financial Investment News

News Breaks
July 2, 2014
05:32 EDTNGLS, TRGPTarga Resources Partners downgraded to Market Perform at Wells Fargo
Wells Fargo downgraded Targa Resources Partners (NGLS) to Market Perform from Outperform citing valuation but raised its price target range for shares to $67-$70 from $62-$65. Wells raised its price target range for Targa Resources (TRGP) shares to $156-$161 from $125-$130 and keeps an Outperform rating on the name.
News For NGLS;TRGP From The Last 14 Days
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January 28, 2015
16:37 EDTNGLS, TRGPAtlas Energy approves spin-off date of Feb. 25
Atlas Energy (ATLS) has announced that its board has approved the record and distribution dates for the spin-off of its non-midstream assets and declared a distribution to the ATLS unitholders of common units representing a 100% limited liability company interest in Atlas Energy Group, LLC, a wholly owned subsidiary of ATLS that will hold ATLS's assets and liabilities other than those related to it midstream business. Subject to the satisfaction or waiver of the conditions to the Spin-Off described below, each ATLS unitholder will receive one common unit of New Atlas for each ATLS common unit held at the close of business on Wednesday, February 25, 2015, the record date of the distribution. Cash will be received in lieu of fractional units of New Atlas. The distribution of New Atlas units is expected to be effective on Saturday, February 28, 2015 in conjunction with the previously announced proposed mergers of ATLS and Atlas Pipeline Partners, L.P. (APL) with Targa Resources Corp. (TRGP) and Targa Resources Partners LP (NGLS), respectively. New Atlas common units are expected to begin regular trading on or about March 2, 2015 on the New York Stock Exchange under the symbol "ATLS."
January 23, 2015
16:58 EDTTRGPSalient Capital Advisors reports 7.76% passive stake in Targa Resources
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January 21, 2015
17:27 EDTNGLS, TRGPTarga Resources increases quarterly dividend 6% to 77.5c
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